Gold steady ahead of U.S. Fed interest rate decision

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Gold held firm on Wednesday after hitting a one-week high in the previous session, as traders awaited a decision on interest rates by the U.S. Federal Reserve, which is expected to keep policy on hold.

                 FUNDAMENTALS 

 * Spot gold was little changed at $1,210.79 an ounce by 0054 GMT. U.S. gold futures climbed 0.1 percent to $1,209.70.

 

* Spot gold rose over 5 percent in January, its best month since June 2016. 

 

* The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. 

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